GoldmanSachs666 Message Board

Fraud*According to the Collins English Dictionary 10th Edition fraud can be defined as: "deceit, trickery, sharp practice, or breach of confidence, perpetrated for profit or to gain some unfair or dishonest advantage".[1] In the broadest sense, a fraud is an intentional deception made for personal gain or to damage another individual; the related adjective is fraudulent. The specific legal definition varies by legal jurisdiction. Fraud is a crime, and also a civil law violation. Defrauding people or entities of money or valuables is a common purpose of fraud, but there have also been fraudulent "discoveries", e.g. in science, to gain prestige rather than immediate monetary gain*As defined in Wikipedia

Thursday, December 2, 2010

What exactly does it mean when the Fed bails out a number of American corporations, including Goldman Sachs (for $590 Billion), and does not ask them to help reform the financial system or to keep a lid on humongous executive bonuses? In fact, Goldman Sachs sent many lobbyists to Congress to make sure that the financial reform would not be too onerous for them (and succeeded)! Something is rotten in the State of Denmark that won't be made fresh soon.

5
COMMENTS:

The problem is that the pooling and servicing agreements, which governs the formation and operation of securitization trusts, have very specific provisions for how the notes were to be conveyed to the trust. The notes were to be conveyed through multiple entities, which each transfer being a “true sale” before getting to the trust (this was to create “bankruptcy remoteness” so that if the originator failed, its creditors would not be able to take notes back from the trust to satisfy their debts).

The PSA called for the note to be endorsed by the intermediary parties (either in blank or specifically to the next party). The notes were also to be conveyed by a specified date, which in nearly all cases was no later than 90 days after the closing of the trust. The trusts were required to be organized under New York law, and New York trust law is unforgiving. Trusts can operate only as specifically prescribed; if the notes were not conveyed to the trust in the manner set forth in the PSA, it cannot deviate from its instructions and somehow make exceptions (it would be deemed a “void act”) .

But the brazen part is to assert, Humpty Dumpty style, that “complete” or “unbroken” chain of endorsement means something other than what it obviously means. This language is not difficult to parse. Deutshce’s prevaricating is simply an insult to the reader’s intelligence. The parities CLEARLY intended for the notes to be conveyed through intermediary entities; that was critical for bankruptcy remoteness. And they CLEARLY intended for them to get to the trust by no later than 90 days after closing; that was necessary to get the desired REMIC tax treatment. But Deutshe is trying to engage in revisionist history and hope his audience is too uninformed to see through it.

Well, are we to conclude that there is only one honest man in the whole Senate and that man is Bernie Sanders? Bernanke at least had the grace to squirm when he was asked questions that he really didn't want to answer.

Why is that man (Bernanke) still in his job when it is so obvious that he doesn't know what to do and doesn't have the intelligence to understand that he doesn't know what to do and should leave the job for someone who does know what to do?

What should be moved on to, is the fact that digital money is what runs the world. The population of earth is tricked into thinking that money is real, it is not, it is digital computer keystrokes and no doubt this is a universal. But, the US tried to get every human to matrix on up. Did not work. However, safe to deduce that the world population cannot survive on gold, silver or any metal as money. Digital computer keystrokes as credit make sense, absent the Zionists' evil usury. Trades and exchanges of real property and legitimate value luxuries, of course real money and that is what the world demands of the US, no more fraud.

GS666 #4 on TopSites List

Famous Quotes

The men the American people admire most extravagantly are the greatest liars; the men they detest most violently are those who try to tell them the truth. … H.L. Mencken

An age is called Dark not because the light fails to shine, but because people refuse to see it…James Albert Michener, novelist (1907-1997)

It is impossible to calculate the moral mischief, if I may so express it, that mental lying has produced in society. When a man has so far corrupted and prostituted the chastity of his mind as to subscribe his professional belief to things he does not believe he has prepared himself for the commission of every other crime. … Thomas Paine 1737-1809, Anglo-American Political Theorist, Writer

Laws just or unjust may govern mens actions. Tyrannies may restrain or regulate their words. The machinery of propaganda may pack their minds with falsehood and deny them truth for many generations of time. But the soul of man thus held in trance or frozen in a long night can be awakened by a spark coming from God knows where and in a moment the whole structure of lies and oppression is on trial for its life.: Sir Winston ChurchillWhen governments fear the people, there is liberty. When the people fear the government, there is tyranny. - Thomas Jefferson

When cheaters prosper, we end up with the worst possible system and to call it a free market system is an obscenity. -William BlackWhen the people fear their government, there is tyranny; when the government fears the people, there is liberty." - Thomas JeffersonI believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around the banks will deprive the people of all property - until their children wake-up homeless on the continent their fathers conquered. Thomas Jefferson - 1802

Don't be afraid to see what you see.

..................................... Ronald Reagan

When the people and the government fear Banksters like Goldman Sachs and JP Morgan, there is economic dictatorship that will destroy the very fabric of our existence as a civilized society.Mike Morgan

Let me control the money of a nation and I care not who makes its laws.Meyer Amsheil Rothschild

Together We Can Make A Difference!Larry Rubinoff*************Send your "Famous Quotes" to info@goldmansachs666.com